Take a look at some of Wednesday's midday movers:
The "fiscal cliff" rally helped push over 70 stocks to new 52-week highs including Goldman Sachs, Bank of America, Visa, MasterCard and Yahoo.
Financial stocks were among the biggest gainers including, MetLife.
Salesforce.com also hit a new 52-week high before turning lower.
Facebook rallied after JPMorgan upped its price target on the social-networking giant to $35 from $29 citing possibilities in mobile.
Kohl's slipped after Buckingham Research cut its rating on the retail chain to "neutral" from "buy."
U.S. Steel soared after Credit Suisse upgraded its rating on the steelmaker to "outperform" from "neutral," saying the sector is set for a bounce.
Caterpillar advanced after ISI Group upgraded the equipment manufacturer to "buy" from "hold" and boosted its target price to $111 from $94.
And Lam Research was among the best performers after D.A. Davidson initiated coverage of the fabrication-equipment maker for the semiconductor industry with a "buy" rating and a $56 price target.
(Read More: See CNBC's Market Insider Blog)
—By CNBC's Lori Spechler
Questions? Comments? Email us at marketinsider@cnbc.com
